Wednesday, March 08, 2017

Cops Pinch Purported 'Mortgage Consultant' For Allegedly Making False Promises Of Loan Acquisition Help To Fleece At Least Five Prospective Homebuyers For Over $100K (& Counting)

In Chesterfield County, Virginia, WTVR-TV Channel 6 reports:
  • A Chesterfield man was arrested in connection with a mortgage fraud scheme that allegedly swindled victims out of more than $100,000. Timothy S. Wenk, the former owner of Premier Consulting, defrauded victims of money by falsely claiming to help the victims obtain mortgages, police said.

    Crime Insider sources told Jon Burkett, Wenk had easy access to an actual mortgage company owned by a close friend.

    Five victims reported Wenk kept the money they paid him. At this point, losses reported by the victims totaled more than $100,000, police said.

    Wenk, of Hampton Valley Place, has been charged with five counts of obtaining money by false pretenses. The 50-year-old turned himself in to police on Tuesday, Feb. 28, and was released from the Chesterfield County Jail on bond.

    Further investigation revealed Wenk has previously been charged with several fraud related crimes.

    A man, who asked CBS 6 to hide his identify, said he was almost a victim. “He said if we put down $2,500 to $4,000 then he could get us any type of loan, no matter what the house cost," the man said. He said he sensed the proposal was too good to be true, so he asked for it in writing. He said that’s when all communication abruptly stopped.

    The man said he believed Wenk preyed on people with bad credit.

    Wenk is set to appear in Chesterfield County General District Court on April 19, 2017, at 1 p.m. Investigators said Wenk also goes by the names Timothy Scott and Timothy Wink.

    Anyone who believes they may be a victim was asked to contact Chesterfield County Police at 804-748-1251.

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